131
131
Mar 22, 2013
03/13
by
KCSMMHZ
tv
eye 131
favorite 0
quote 0
that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table, particularly on bank accounts with deposits of at least 100,000 euros. the plan needs to be in place by monday when the european central bank says it will withdraw financial aid for separate -- separate -- cypriot banks. >> a lot of people will definitely lose their jobs and benefits. >> cyprus needs to raise 5.8 billion in order to qualify for the bailout. its eurozone partners in the imf would then provide 10 billion euros in rescue loans. the fund raising measures under discussion include plans to restructure the country's second biggest lender and tapping state pension assets. >> all right, our correspondent
that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table,...
146
146
Mar 20, 2013
03/13
by
KCSMMHZ
tv
eye 146
favorite 0
quote 0
. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to find a solution. the separate people are strong. we can take a lot. we have proven that before through many tough times. >> the cypriot government is still searching for any viable solution. even the country's archbishop has offered to help by digging into the pockets of the church. 17 billion euros is the son the island needs to keep afloat, approximately equivalent to the country's economic output, and it is more than the eu is willing to put up without a significant contribution from cyprus itself. >> for more, we can go now live to nicosia where our correspondent is monitoring events for us. after anchoring the russia
. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to...
95
95
Mar 23, 2013
03/13
by
LINKTV
tv
eye 95
favorite 0
quote 0
and what -- compulsory deposit tax. they are proposing 20% of accounts over $130,000 in the bank of cyprus and 4% on the other banks in the sector, bank, the ean lyki second biggest. in theory, these two deposit haircuts won't require another vote, so this makes up another total package, including the plan to save the banks, wind them up and save the cost of recapitalizing, that the cypriots can take on sunday to the euro group and finance mirnses and the i.m.f., based on closed-door meetings that have been going on all day with the troika and say here's our compromise, give us the bail out so we can get opened. it looks like cyprus now is tantalizingly close to a deal. but it it won't come without significant pain for many. peter sharp has this report. >> the people of cyprus had endured a week of increasing uncertainty. as the talks dragged on they took to the streets for yet another night to voice their fears and frustrations. >> if they don't realize that we have strength and we will fight, if they lead us to a dead
and what -- compulsory deposit tax. they are proposing 20% of accounts over $130,000 in the bank of cyprus and 4% on the other banks in the sector, bank, the ean lyki second biggest. in theory, these two deposit haircuts won't require another vote, so this makes up another total package, including the plan to save the banks, wind them up and save the cost of recapitalizing, that the cypriots can take on sunday to the euro group and finance mirnses and the i.m.f., based on closed-door meetings...
25
25
tv
eye 25
favorite 0
quote 0
the much maligned to deposit tax is necessary a measure to have the bailout alone to need to see and this is definitely causing a huge controversy on the island moreover brussels said that it will not require the involvement of the russian capital to envoy to resolve the internal economic problems of the european union so the talks between the prime minister and the european officials are rather. it's hard to actually predict which way it will go we are hopeful that during the day after about one pm moscow time when the talks are due to start will be receiving some more information as we'll certainly deliver to our viewers as we get it. ok thank you very much i. have skied live from moscow well krystal's messes and then pay from the left forces party says this pressure which is forcing cyprus to turn to russia for help it was the mentality of the troika. come again and again in every country in which they try this policies with these policies that are unfair and human. and that probably means the question is when are they going to stop and it seems that they will. accept. from the si
the much maligned to deposit tax is necessary a measure to have the bailout alone to need to see and this is definitely causing a huge controversy on the island moreover brussels said that it will not require the involvement of the russian capital to envoy to resolve the internal economic problems of the european union so the talks between the prime minister and the european officials are rather. it's hard to actually predict which way it will go we are hopeful that during the day after about...
18
18
tv
eye 18
favorite 0
quote 0
back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. this is. everybody says we're going to start going over there we're going to build a series of. these stuff. you should be asia and they didn't have these should usually just for women resume is arguably just money once the russians hold the site very. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest being that the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so. so if there was an i.m.f. program in place now this means that there really is a cash problem on the ground seen cypriots going out to a.t.m.'s early in the morning trying to get as much cash as they could are
back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. this is. everybody says we're going to start going over there we're going to build a series of. these stuff. you should be asia and they didn't have these should usually just...
18
18
tv
eye 18
favorite 0
quote 0
and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to say how in the big names here involved allegedly porsche volkswagen as well as germany's richest woman or phantom shell companies in panama i mean nothing wrong with it depends how you interpret it i guess whether it becomes tax avoidance tax evasion but what can you do to stop these loopholes. it is very clear there is no into a master of very little or too little international cooperation on this and of course you know if you have families who would not notice that they lost their one five fifteen million new euros necessary for one of the big german parties for the whole federal election cam
and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to...
38
38
tv
eye 38
favorite 0
quote 1
bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on the pauses now ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically of germany they feel the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in place this means that there really is a problem on the ground cypriots going to early in the morning trying to get as much cash as they could as some have told me that the limit on their cars the amount that they can take for the change has been lowered they've also been speaking to some shopkeepe
bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on the pauses now ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically of germany they feel the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the...
15
15
tv
eye 15
favorite 0
quote 0
so quite an anodyne tax thread that sounds like it could be in some serious need of updating actually it refers to us president obama's continuing commitment to closing down the prison now the closure of guantanamo bay was actually one of us president obama's main campaign promises back in the two thousand and eight presidential election it's something he's spoken about a lot it's a promise he's made repeatedly yet half a decade later and nothing has happened in fact the only shutting down that's taken place recently is the closure of the government office that's charged with transferring the detainees and closing down the prison so just to recap in case that sounds in any way peculiar they've closed down the office that's meant to close down guantanamo bay and the british foreign office supports this continuing commitment to shutting down the facility. has been. at guantanamo bay for over seventy years now and quite astonishingly this is a man who's never been charged with any wrongdoing he's never been put on trial he's been cleared for release twice yet he's still there the british
so quite an anodyne tax thread that sounds like it could be in some serious need of updating actually it refers to us president obama's continuing commitment to closing down the prison now the closure of guantanamo bay was actually one of us president obama's main campaign promises back in the two thousand and eight presidential election it's something he's spoken about a lot it's a promise he's made repeatedly yet half a decade later and nothing has happened in fact the only shutting down...
19
19
tv
eye 19
favorite 0
quote 0
impose this much maligned deposit tax which has been seriously criticized by ordinary citizens on the island moreover the bailout loan would not completely help the super eight economy. receive only partially of the money needed to save the economy and the rest of the money needs to find by itself it's also interesting here that. brussels has once again reiterated that it doesn't need russia's capital it doesn't need help to solve its internal economic problems so definitely we're in for a very interesting and probably very complicated talks here in moscow between the prime minister and the european delegation and we're expecting the conversation to start at about one pm moscow time and certainly will be updating our viewers with all the latest information as we get it here. live from. pay from the left he says pressure which is forcing cyprus to turn to russia for help. it was the mentality troika. come again and again in every country in which they try this he says with these policies and human. and the problems question when are they going to stop and it seems. from the side of tro
impose this much maligned deposit tax which has been seriously criticized by ordinary citizens on the island moreover the bailout loan would not completely help the super eight economy. receive only partially of the money needed to save the economy and the rest of the money needs to find by itself it's also interesting here that. brussels has once again reiterated that it doesn't need russia's capital it doesn't need help to solve its internal economic problems so definitely we're in for a very...
21
21
tv
eye 21
favorite 0
quote 0
the vent here angry crowds you're seeing ringing the cypriot parliament demanding the rejection of a tax that would see savers bailing out banks that levy could see people lose up to ten percent of their life savings or for cyprus to qualify for these pictures being broadcast live from the parliament now by artie's roughly video news agency or that streaming online to. express his concern over the ongoing hunger strike in guantanamo bay despite authorities efforts to play down the protests we've got the latest there this hour. busy news night a series of bomb attacks through baghdad killing dozens and injuring hundreds as iraq struggles to get back on its feet on the tenth anniversary of the u.s. led invasion. good evening this is our kevin oh it's good to have you company our top story a rocket attack on a town outside aleppo in syria's north has left dozens dead including sixteen government soldiers details about what actually happened on the ground within but there are reports that chemical weapons could have been used both the syrian government and the opposition are accusing each ot
the vent here angry crowds you're seeing ringing the cypriot parliament demanding the rejection of a tax that would see savers bailing out banks that levy could see people lose up to ten percent of their life savings or for cyprus to qualify for these pictures being broadcast live from the parliament now by artie's roughly video news agency or that streaming online to. express his concern over the ongoing hunger strike in guantanamo bay despite authorities efforts to play down the protests...
29
29
tv
eye 29
favorite 0
quote 0
up against intervention and to gresham mosco and beijing are seen really impacts of nature back to tax and they don't want the instability that washington seeks in the middle east beijing and moscow want to do business china is booming and russia is right next door the potential for gas deals and pipelines are vast as soon as the two can agree on a price russia also sees china as a way to diversify its economy like helping tap untouched water sources in the east and investing in the west now they could join forces on cooperation military that is the inevitable i think result of the to take us that even pacific pivot that is is threatening china on one side and. the mido increasing military encircled into russia on the other side the more the u.s. pushes its agenda in certain parts of the world the closer they push russia and china together that opens the door for growth and enormous economic ramifications the nations that make up the brics group may be divergent but experts now see they are much more than an acronym point by a guy at goldman sachs. and the brics are developing fast the
up against intervention and to gresham mosco and beijing are seen really impacts of nature back to tax and they don't want the instability that washington seeks in the middle east beijing and moscow want to do business china is booming and russia is right next door the potential for gas deals and pipelines are vast as soon as the two can agree on a price russia also sees china as a way to diversify its economy like helping tap untouched water sources in the east and investing in the west now...
16
16
tv
eye 16
favorite 0
quote 0
started protesting on the streets when it was announced that one of the conditions is imposing a a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is still a question and parliamentarians here are still going to be debating on our how much that will be how a percentage that will be on which kind of back accounts of cypriot bank holders that will be as well so it's still a big question and this is an answer that the people are certainly going to be waiting for have been out into the street speaking to the people on how they actually feel about the decisions that their leaders have been making so we're here with a meeting point of protesters for the past two days here inside worse ever since the announcement over the last weekend that the easy way would be giving them ten billion euros of bailout conditions that they were willing to accept and it's really been a combination of very fast the jury rating and bad news for cypriots and a
started protesting on the streets when it was announced that one of the conditions is imposing a a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is still a question and parliamentarians here are still going to be debating on our how much that will be how a percentage that will be on which kind of back accounts of cypriot bank holders that...
24
24
tv
eye 24
favorite 0
quote 0
pressure brussels wants to supriya to government to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyprus will be forced to accept it the country's banks have been paralyzed for almost a week now and i says are still important people are bracing themselves for the worst. all of this. the panic this negativity started of course on the announcement over the weekend from brussels that in order to get a ten billion euro bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on. ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really . and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. these steps. and their vision of these should usually. be. very. well the mood here in nicosia cyprus r
pressure brussels wants to supriya to government to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyprus will be forced to accept it the country's banks have been paralyzed for almost a week now and i says are still important people are bracing themselves for the worst. all of this. the panic this negativity started of course on the announcement over the weekend from brussels...
18
18
tv
eye 18
favorite 0
quote 0
that said it's a euro zone problem and it's not like russians are the only ones availing of cypriot tax loopholes however russia did stop two and a half billion to help try and keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held deposits in cyprus germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro groups decision to raid privately held super deposits weekend. and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a eurozone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished
that said it's a euro zone problem and it's not like russians are the only ones availing of cypriot tax loopholes however russia did stop two and a half billion to help try and keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under...
565
565
Mar 26, 2013
03/13
by
FBC
tv
eye 565
favorite 0
quote 0
david: there are taxes and sort of taxes. a regulation is sort of a tax. you have to spend money. fda will start regulating medical apps. >> which is cost and expense. david: it is a definite cost and expense. is there any way that can be modified by public pressure. >> it is the easiest approval plat form now. so it's not multiyears like a coronary extent or something like that. it is still 60, 70 days, several thousand dollars which is a lot for some developer in san francisco. i don't think they can get much easier. david: we have to leave it at that but i have to ask finally, is it possible pressure, public pressure people calling their congressman could hold off the point at which these apps might be taxed to the point where they could do harm to the entire industry? >> i believe so. that's why congress did what they did last week. yeah, it is still very much undetermined, yet to be determined. david: dr. stephen greer, great to see you. thanks very much for coming. liz? liz: david, despite sales not reaching targets last year and demand in the industry lacking nissan is stil
david: there are taxes and sort of taxes. a regulation is sort of a tax. you have to spend money. fda will start regulating medical apps. >> which is cost and expense. david: it is a definite cost and expense. is there any way that can be modified by public pressure. >> it is the easiest approval plat form now. so it's not multiyears like a coronary extent or something like that. it is still 60, 70 days, several thousand dollars which is a lot for some developer in san francisco. i...
17
17
tv
eye 17
favorite 0
quote 0
has imposed on cyprus it also demands that cyprus must impose the much maligned deposit tax in order to receive the bailout fund for the bailout loan story and there is a certain dissent growing. now as the head of the parliament saying that the. parliament would probably will vote without considering the e.u. regulations and this leads many experts to believe that cyprus may even pull out from the euro zone in the. future because of all these regulations by the european union besides the bailout the bailout loan from the european european union as experts say would not solve the economic problems of the island completely that you can see it will still have to find some money elsewhere and that is the biggest question of course where it will find these this money on top of that old brussels has once again reiterated that even ahead of the talks in moscow that it doesn't need the russian capital in order to solve its domestic its internal economic problems so certainly with even without the finance minister we are in for some interesting and probably some difficult talks in moscow whi
has imposed on cyprus it also demands that cyprus must impose the much maligned deposit tax in order to receive the bailout fund for the bailout loan story and there is a certain dissent growing. now as the head of the parliament saying that the. parliament would probably will vote without considering the e.u. regulations and this leads many experts to believe that cyprus may even pull out from the euro zone in the. future because of all these regulations by the european union besides the...
18
18
tv
eye 18
favorite 0
quote 0
doesn't work well understandably when you talk about forty percent of all of what they call legally taxes forty percent being taken out of certain various bank accounts with over one hundred thousand euros not just the big players there are the little average people as we all are also being hurt by this tell us this here at r t the banks are closed until thursday how are you expected to survive can you go grocery shopping can you pay your bills if you can't get any cash out from the machines. what obviously oversleep were facing a new kind of thing when in the european union this is the first time that he has this has been done but obviously you do understand that it's like planting a bomb in the structure of the financial system itself therefore i don't see how any any vest or people can teach their money in the banks when now that we would have a problem twice or even more as bad as it was before then obviously there will be a phrase for a new levy on the fund deposits so how are they expected to keep that the poses in the banks and you feel. however the bank supposed to continue well i
doesn't work well understandably when you talk about forty percent of all of what they call legally taxes forty percent being taken out of certain various bank accounts with over one hundred thousand euros not just the big players there are the little average people as we all are also being hurt by this tell us this here at r t the banks are closed until thursday how are you expected to survive can you go grocery shopping can you pay your bills if you can't get any cash out from the machines....
14
14
tv
eye 14
favorite 0
quote 0
find out what's really happening to the global economy with my tax cuts are a no holds barred look at the global financial headlines tune into kinds a report on our. a. little.
find out what's really happening to the global economy with my tax cuts are a no holds barred look at the global financial headlines tune into kinds a report on our. a. little.
27
27
tv
eye 27
favorite 0
quote 0
in other banks imposing capital controls creating a so we dare to fund the restructuring it's a room tax and in that week of dramatic political and economical hoovering citizens were on an emotional roller coaster panic cypriots rushed to a.t.m. to try to get their money out of the bank at gas stations and no cash meant no gas agri people to to the streets shocked at what they largely felt was europe particularly germany trying to bring them to their knees but it was a home how they would pay us and our kids. we don't accept sweet aside all too familiar in the next door greece but for the first time in the euro zone string of bailout demands a red line has been crossed what is going up like this particular instance is that the european union the euro zone have taken a step forward beyond their previous policy where they always said individuals will not be harmed we will not take money out of the minds of engineers and actually they've done that what we see is that if you are a big member then you will be left alone and you will be bailouts and you if you are a small member you will be be
in other banks imposing capital controls creating a so we dare to fund the restructuring it's a room tax and in that week of dramatic political and economical hoovering citizens were on an emotional roller coaster panic cypriots rushed to a.t.m. to try to get their money out of the bank at gas stations and no cash meant no gas agri people to to the streets shocked at what they largely felt was europe particularly germany trying to bring them to their knees but it was a home how they would pay...
16
16
tv
eye 16
favorite 0
quote 0
of course there has been some trickle down but this business model of having the lowest corporation taxes in the euro zone to attract funding and attracting money i shouldn't say it's all about laundering money because the mainstream media love to say oh they're just laundering money therefore they should take the punishment i'm sure there's more norm good money in germany or in berlin or or let alone in london where i'm speaking from but you know that business model has been shown to be short term gain for a last long term pain and. we must remember to militarize society let's hope elements like the golden dawn the fascist party that's emerging in greece that kind of crash doesn't again rear its ugly head in cyprus after the current troubles but this is a small economy would it really matter if cyprus did leave the euro zone or would this have huge impact on the confidence of the eurozone and of the whole initiative . it would matter for cyprus if it left the euro zone because this is the way out for cyprus whether it would matter for the e.c.b. for the institutions in strasbourg and bru
of course there has been some trickle down but this business model of having the lowest corporation taxes in the euro zone to attract funding and attracting money i shouldn't say it's all about laundering money because the mainstream media love to say oh they're just laundering money therefore they should take the punishment i'm sure there's more norm good money in germany or in berlin or or let alone in london where i'm speaking from but you know that business model has been shown to be short...
575
575
Mar 22, 2013
03/13
by
CNNW
tv
eye 575
favorite 0
quote 0
specifically what the cypriots don't like is the idea that they would have to tax the bank accounts of their own citizens and those of foreigners in their country to help pay back this loan to bail them out. they don't like the idea of that at all. who's pushing it? we don't know where it came from, but we know a very strong eurozone member, germany, has been talking a lot about accountability. the idea that if you have a bailout like this for cyprus there has to be some really strong participation from cyprus in paying it back. and maybe there's no other way for them to pay back. that is what has spurred so much talk about russia of all things. why russia? why would russia be so interested in all this? there's a historic connection between russia and cyprus, but importantly many, many russians have many, many millions of dollars in those cyprus banks as an offshore tax haven. enough so they may control half of the accounts there in cyprus. the russian government does not want that money lost to its citizens for investment in russia, for building in russia. so the idea has been floated
specifically what the cypriots don't like is the idea that they would have to tax the bank accounts of their own citizens and those of foreigners in their country to help pay back this loan to bail them out. they don't like the idea of that at all. who's pushing it? we don't know where it came from, but we know a very strong eurozone member, germany, has been talking a lot about accountability. the idea that if you have a bailout like this for cyprus there has to be some really strong...
95
95
Mar 26, 2013
03/13
by
FBC
tv
eye 95
favorite 0
quote 0
taxes higher taxes on upper income earners and taxes imposed by obamacare the new york federal reserve now says that gdp will be 1.75% lower this year than it otherwise would have been. so some of the president's critics it is a double-standard. >> he wants to say that the sequester is going to lead to economic calamity and then all these other taxes that he should be responsible for as well, he should be essentially held harmless for the economic drag that they may well inflict on the economy. >> in fact the cbo says that the higher taxes will have about an equal impact an the economy as the sequester stepping cuts. ashley? ashley: all right, peter barnes in d.c., thank you so much. tracy: shouldn't be a shocker to anybody. ashley: no. tracy: let's talk more about this. the automatic spending cuts are weighing down on the consumer economic outlook. the consumer sentiment index plunged to their a reading of 59.7, that is from 68 in february. how long will those cuts along with smaller paychecks and of course upcoming tax refunds? hmmm. how will that affect, impact consumers mood and sp
taxes higher taxes on upper income earners and taxes imposed by obamacare the new york federal reserve now says that gdp will be 1.75% lower this year than it otherwise would have been. so some of the president's critics it is a double-standard. >> he wants to say that the sequester is going to lead to economic calamity and then all these other taxes that he should be responsible for as well, he should be essentially held harmless for the economic drag that they may well inflict on the...